ao REGISTRATION NUMBER CE016379 ANDREW WINDSOR ALMSHOUSES ANNUAL REPORT AND UNAUDITED ACCOUPITS FOR THE YEAR ENDED 31 MARCH 2014 Charrty Number 1181841 BUSINESS ADVISORS TheGranary Hones Yard I Waverley Lanè Famham sUr￿V GU98BB ANDREW WIN050R ALMSHOUSES HNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PAGE Trustees Annual Report 1¢04 Independent examiner's report to the members Statement of financial artivitie5 Balan￿ sheet Notes to the flnancial ststements 8t014 ANDREW WINDSOR ALMSHOUSES TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 Thetrustees presenttheirannual report and thefinancial statementsof the£ha￿table incorwrated organisation CIO) for the year ende(J 31 March 2024. The financlal statements comply with the tharity's trust deed, the Charities Att 2011, and the Charities Statement of Recomrftended Practlce issued in October 2019 and Financial Reportln8 standard FRSIO2. The trustees confirm thatthey have complied wlth the duty in s17 of the ChaFitles Act 2011 to have due regard to the public benefit gvldance publlshed by the Charlty Commlssiorn when reviewing the Chafitvs aims and objettlves and in ￿annIng future artivitie5. REFERENCE ANDADMINISTRATIVE DEfAILS Rè8lstw•d charfty name Andrew Windsor Almshouses Chartty ￿gIstratIOn number 1181841 CIO re8lstratlon number CE016379 Prin¢lpal offi 5 Brldgefleld Famham Surrey GU9 8AN THE TRusfEES The trustee5 who Served the charlty durin8the period and since the period-end were asfollows: Ms L Sutherland (Chairmanl Colonel C P H Knaggs Mrs C 5eely Ms J Barratt aerk ￿ the Trustees Ms J Durrant Prlnclpal baftkers Lioyds Bank plc Lewisham Branch London Independent examkner Mr S. P. F. Howell FCCA TC Group The Granary Hone5 Yard I Waverley Lane Farnham Surrev GU9 8BB ANDREW WINDSOR ALMSHOUSES TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 OBJEcfivES AND ACTIVITIES The object of the Charitable Incorporated Organi5ation ICIOI, formed ors l February 2019, is to provlde housing for retired, elderly people of good charncter and in straightened circumstances. Applicants are rèquired to be apable of independent I1wF￿ in line wrth the Cl(Ys policv. The charity owns, administers and maintains the property and grounds of numbers 53, 54, 55 and 56 Castle Street. Farnham. which a￿ the original almshouses and now a Grade Il. Listed building of I￿al and historlc interest. The charity also owns, adminlsters and maintains the pmpÈrty and grounds of numbers 2. 4, 6. 8, 10 and 12 Park Row, Farnham. which were constructed in the 19Ws and aresituated to the rearofthe Castle Street properties. The Castle Street and Park row properties all share a communal garden. The properknes owned. adMiniste￿d and malntained by the charity are for the use of the appointed residents. When an almshouse becomes vacant, the Trustees IIK)k to appoint a new resldènt in a￿ordanCe with its charitable objertives. In Cases of equal eligibility. priority is g￿Ven to applicants who have family ties within the Farnham area and who have contributed in a positive way to the community. All residents benefft from lower accommodation costs than those payable In the prNate rentsl market. These objettive5 fvlfy meet the public benefit requirement Provislon of accommodatlon to those In housing need is clearly beneficial. ACHIEVEAIENTSAND PERFORMANCE The Charity continues to provide accommodation for older person5 In houslng need, who have Ilmited financial resource& The objectives of the Charity fully meetthe public benefit requlrement. The Trustees continued to monitor the resideFtV5 welfare and wellbeing through in person vlslts to resl(lents. DLsring the year. the TrLtrStees cairled out planned malntènan¢e works oft the Andrew Windsor Almshouses for the benefit of current residents and to ensure the Almshouses remain viable for future ljenefidaries. The maintenance works include consideration of general maintenance. cydical and extragrdinary maintenance vlorks; an example being the rectifKation works carried out followlng the damage to the •kndrew Windsor Almshotsses caused by two HGV lorries. The rettlfic*lon works requI￿d a road doSUTe licence and a speclalist contrartor. TheTrustees have an ungoingdialoguewith Surreycountycouncll andthe local MP regardingthe onBoing issues wlth the trees on Castle Street. The Trustees have an onEoin8 dialoEue with Surrey County CoLtndl regarding the on80inB i55ues with illegal parking on the pavement outside the Park Row Alm5hou5es. Two Trustees attended an In-person trasninq toursè at AbboV5 Hospital Almshouses In ￿lIdford. The training session included consideration of the Charities Act 2022, anti•soclal behaviour and hoardlng issues. The Charity has undertaken a review ofall of Its operational documentation and Islookingto attract newTrustee5 to asslst In the ongoing viability in the funning of the Charity- The Charty continued to meet all its financlal and admlnlstrative commitments relating to the fundlng of the roof project (completed in 20191. All Almshouses have current EPC. EICR and Landlord Gas Safety Certifi¢ate5. There were no significart arrears. MDREW WINDSOR ALMSHOUSES TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2024 FINANQAL REVIEW At the end of the perbod, the ¢harlVs reseryes show a balance of £188,62912023- £166.89)?. The free reserve5 available to the charity totsls £148,47412023- £123,789). Thechariwsfinancesare In a satisfartory ststea5at31 March 2024. TheTrustees continueto reviewthe Weekly Maintenance Charge 1￿m￿l payable monthly and the beneficiaries were notified of an increase to the WMC to become effect6¥e April 2023, the Trusiees will ￿VIeWthIS on an ongoing annual basi The financial commitments to The Charity Bank continue to be met and the Chartty has commenced re8ular Investment in line with Almshouse Associatlon guidan￿ to ensure that fvture cydical and extrdordinary maintenance can be carried out. PLANS FOR FLITURE PERIODS Looking to the future, the Charttyls increasing fuF￿5 to both our Cyclic31 Maintenance Fund and Ext[￿rdInary Maintenance Fund. Routine maintenance is on80in8 and is reviewed quarterly at Trustee Meetrng5. For the forthcoming year, the Trustees have the followlng plans under ¢onslderation: Continue to monitor the welfare and wellbein8 of residents. Recruitment of new Trustee5to ensurethe on80in8 governance and operational vièbiltyof the Charlty: Ongoing planning regarding routine, cyeliol and extraordÈnary maintenance: FinalSsation of website for the Charity to help raise the profile of the Almshouses locally: a150n with local Organisat￿n$ such as Heriiage Farnhamto raise the profile of the Almshouses locally. GOING CONCERN After makFnB approprlate enqulrles, the tru5tee5 have b reasonable expettation that the Chartty has adequate sources to continue in operational existence forthe foreseeable future. Forthis reason they¢ontrnueto adopt the 80ingconcern basi5 in preparing thefinancial statements. Furtherdetalls regardingth* adoption of the going concern basi5 can be found in the Accounting PolicSes. STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING I)OCUMEIJT Andrew Windsor Almshouses is a charitable incorporated organisatlon governed by its registration wlth the Charity Commisslon on l February 2019. RECRurrMEKf AND APPOINTMENT OFTRUSTEES New trustees are appointed by the trustees from local peoplè with appropriatè skills. ORGANISATIONAL STRUCTURE The tharity is controlled by the Trustees. Trustee5 during the peri¢)d are dètailed on page l. The trustees have appolnteil a clerkto administerthe charity and its properties. The derk reports to thetrusteès at. at least. quarterfy meÈtin85. Wth fr4￿nt e-mail and tslephone contsct between meetings as ne￿5$ary. RISK MANAGEMENT The Tru5tee5 have a risk registerfortheir review and comments. The major rlsks to which the chèrity 15 exposed, as Identified by the Trustee5. have been reviewed and systems have been established to manage thosè risks. ANDREW WINDSOR ALMSHOUSES TRusfEES ANNVAL REPORT YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER Simon Howell, FCC& of TC Group. has been re-appolnfed as Independent examlnerforthe e￿UIng year. TRUSTEE5' RESPON51BILmE5 STATEMENT The trustees are re5PQfTrsib￿ for preparing thÈ Twstees, Anntsal Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards Iunited Xingdom Generalty Accepted Accounting Practlcel. The law applicableto charities in England & Wales requiresthetrustÈesto prepare financial statementsfrjreach flnancial year which give a true and fair view of the state of affairs of the charity and of the incoming r2sDurce5 and application of resources of the charity for that period. In preparing these financial statements. the tru5teesare requlred to: • select suitable accountlng policies and then apply them consistently.. • observe the methods and principles in the Charitles SORP 2019 IFRS 1021: make judgements and estlmates that are reasonable and pru(lent,. • stste whether applicable UK Accountin8 Stsndards have been followed. subject to any material departures disclosed and expsained in the financial 9tatemeftts,' prepare thefinancÉal statements on the golngcOn￿rn ba￿S unless it Is Inapproprlateto presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disdose wth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charitles Act 2011, the Charitiès (Accounts and Reports) Reg4Jlatlons 2(X)8 and the prti¥islon5 of the trust deed. They are also responsible for safeguarding the a55ets of the charitable ¢ompanyand hence fortakin8 reasonable steps for the preventiOEL and detettion of fraud and other irregularities. This report was approved bythe trustees on nd Signed on its behalf. Ms L SutheFland (Chair) INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF ANDREW WINDSOR ALMSHOUSES I report to the chartty trustees on my examlnation of the accounts of the charity for the year ended 3J March 2024 which are set out on pages 8 to 14. Responslbllities and basis of report As the charity trustees you are ￿sPonSible for the preparation of the accounts in accordartce with the requlrements of the Charitles Act 2011 {'the Act'l. I report in respect of my examination of the chariV5 accolrnts carried out under Section 145 of the Act and in carrylngoui my examination I havefollowed all theapplicable Dirertions given by the Charlty Commission under section 14515llbl of the Act. Independent examiner¥ ststement I havè tompleted my exarnÈnation. I confirm that no material matters have come to my attention ITr connertion with the e¥amin*lon BivinB me cause to believethat in any material respect- accounting records were not kept in respect of the chartty as reouired by 5eLtitin 130 of the Art.. or the accounts do not accord with those rèttsrds.. or the accounts do notcomply with the applicable requirements concernlngthe form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and faiTvie%¢ which is not a mattercoAsidered as part of an independentexamination. I have no cgncerns and havecomeacross noother matters in connection wtth theexamination towhichattentlon should be drdwn in this report in orderto enable a proper uE)derstanding of the accounts to be reached. Simon P. F. Howell FCCA The Granary Hones Yard I Waverley Lane Farnham Surrey GU98BB Dated.. ANDREW WINDSOR ALMSHOUSES STATEMENT OF FINANaALAcfJviTIES YEAR ENDED 31 MARCH 2024 Total un￿trIcted Funds 2024 Total Unrestricted Funds 2023 Income and eThdovm)entsfrom: Dgnations Charitable activitie5 Othei income 65 97.159 IOOA28 11,071 Totsl 111499 97,224 Expenditure ott". Charitable activiiie5 Otherexpenditure 169,9761 120,1391 161.5841 113,4471 Totsl 190Jts) 175,0311 Nèt gains/llossesl on investmnts 355 61 Net Inctyrnllexpendtturel 21,739 22.254 movemem kn funds RECONCILIATION OF FUNDS: Total funds brou8ht fon*Jard 21.739 22,254 Is6￿90 144.636 Total funds carrkd forHard 188,629 166.890 The Statement of Financial Attivitles Includes èll galns and losses in the year and the￿fOre a statement of total recoEnised gains and losses has not been prepared. All of the above amounts relate to continuing attivities. The Mtes on paKe5 8t0 14form m ofthesefknancial Statements. ANDREW WINDSOR ALMSHOUSES BALANCE SHEET 31 MARCH 2024 20Z4 2023 FIXED ASSErs Tangible assets Investments io 279,183 5,868 288,956 5,513 285.051 294,469 CURRENT ASSETS Debtors Cash at bank and in hand 901 148,474 737 123,789 149,375 {8.9351 124.526 110,7631 CREOITORS: Amounts fallin8due wlthin one year NET CURRE1￿ ASSETS 113,763 TOTALASSEfs iESS CURRENT LIABIUTIES 425A91 408.232 CREDITORS: Amounts fallin8due after mc*e than one year 14 I236￿62} 1241.3421 TOTAL NET ASSErs 188.6Z9 166,890 FUND5 Unrestrirted income fund5 188,629 166.890 TOTAL FUNDS 188,629 166.890 These financial statements v•ere approved. and authori5ed for issue on the theiT behalf by.. Isand are slgned on Ms L Sutherland Chair ANDREW WINDSOR ALMSHOUSES NOTESTO THE FINANaAL sfATEMENTS YEAR ENDED 31 MARCH 2024 ACCOUNTING POUaES Basis Ofa(￿Un￿o& The financial ststements havÈ been prepared under the historical cost convention with ifrms recognised at cost ortransartion value unles5 Otherwise stated in the relevant notelsl to theseaccounts. Theflnancial statements have been prepared In accordano w(th the second edltlon of the Charitte5 Statement of Recommended Prartice issued in Ortober 2019, the Financial Reporting Standard appllcable In the UnSted Klngdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. AndrewWindsorAlmshouseswas registered a5 a Charttable Incorporated Organis*ion on l February 2019. The financlal statements are presented in sterlinB whl¢h Is the funrtlonal currency of the charitsble pany and rounded to the nearest É. Andrew Windsor Almshouses constitutes a public benefft Èntity as defined by FRS 102. Golng91 10,040 35,924 I366￿71} 176.354 6.140 116,1801 {365.231) 207,241 97385 150,2191 144,636 97285 175.1)31i 166.890 Buildlngs reserve representsthe land and property the charityowns, administers and maintains. Thefunds represented by this reserve are not available for spendkng In the charivs daY-t￿daY affairs. Cycliol malntenancefund has been designated by the Trustees for a part4¢ul•r purpose. TheTruste¢s mav also reverse these dÈgigrtations at a fviure date. Owingto the need to build up this fund due to the age of some of the almshouses, transfers to thi5 fund are at levels above those recommended by the Almshouse A550clation. Expenditure is taken to the StstemÈnt of Financlal Activitles and no related transfer is made. Extraordinary repairs fund has been deslgnated by the TTUStees for a particular purpose. The Tnjstees may also reverse these designations at a lutuie date. Expenditure canntst be set dlrettly against reserves but Is taken through the Statement of Financial Activities. This reserve Tepresents amounts set aside for major repair5 and maintenance work to the proper￿e$ and is supplemented by transfers from the Revenue Reserve according to the formula recommended by the Almshouses Association. The Revènue reserve Is avaSlable to be spènt for any purpose of the charlty. ANDREW WINDSOR ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 I& ANALYSIS OF ASSEfs BETWEEN FUNDS l>esign*ed Funds Gomeral nds Totsl Tanglble tixed assets Investment5 Cash at bank and in hand Current assets Current liabS1itles Non-current liabilwties 279.183 279J83 5,868 14&474 901 18,9351 1236.8621 148A74 18,935) 1236,8621 Z85A151 1960421 188,629 ANALYSIS OF NET ASSETS BETWEEN FUNDS- Prevlous perfod DeS￿nated Fund5 Generdl Funds Total Tangible fixed assets Investments Cash at bank and in hand Current a55ets Current liabilitlÈs Non-current liabilitie5 288.956 5,513 288.956 5,513 123,789 737 10,7631 124L3421 123,789 737 110,7631 1241,3421 294.469 (127￿19) 166,890 -14-